Sept 11 (Reuters) - Gemini Space Station raised $425

million in an initial public offering, pricing its stock above a

marketed range and shrinking the number of shares, Bloomberg

News reported on Thursday, citing a person familiar with the

matter.

The cryptocurrency firm led by the billionaire Winklevoss

twins sold about 15.2 million shares for $28 each after

marketing them for $24 to $26 apiece, the report said.

Gemini did not immediately respond to a Reuters request for

comment. Reuters could not immediately verify the report.

New York City-based Gemini had capped IPO proceeds at

$425 million, in a rare move, even as the offering drew orders

more than 20 times the shares available, Reuters reported

earlier in the day.

Record high prices for digital assets and regulatory wins

have transformed the once beleaguered sector into an anchor for

the IPO market, which have resumed a long-awaited recovery this

fall after U.S. tariffs delayed listing plans in April.

Nasdaq had committed to a $50 million investment in

a private placement at the time of the IPO. Reuters was the

first to report on the investment.